Sensex regains, ends higher at 37,393.48 pts on renewed buying

Mumbai, May 16 (UNI) The benchmark index of Bombay Stock Exchange (BSE) bounced back on Thursday by 278.60 points in a volatile session to end firm at 37,393.48 on renewed buying in Materails, IT, Capital Goods, Utilities, Power and Realty stocks.

The Nifty of National Stock Exchange (NSE) too rose by 100.10 points to 11,257.10.

The Sensex, which had tanked by 203.65 points on Wednesday, went up by 65 points to 37,179.13 in early trade and then oscillated to touch day’s high and low at 37,518.94 and 37,052.30, respectively, before closing at 37,393.48, advancing by 278.60 points versus its last close.

The sectoral indices like Materials, IT, Capital Goods, Utilities, Power, Realty, Technology and Oil & Gas advanced that pushed the market up, along with scrips of Bajaj Finance, Tata Motors, Infosys and VEDL.

The broader markets also ended positive, as the BSE Mid-Cap index and Small-Cap rose 0.27 per cent and 0.25 pc, respectively. The market breadth was negative on BSE, as 1,172 shares gained versus 1,299 fell and 154 were unchanged.

Overseas, European shares reversed early losses while Asian shares ended mixed on Thursday.

Trade tensions continued to weigh on investor sentiment after President Donald Trump declared a national emergency to protect US computer networks from “foreign adversaries”. He signed an executive order which effectively bar US companies from using foreign telecoms believed to pose national security risks.


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